Wednesday, October 17, 2012

Looking back on the past quarter the big news is the decline in the number of homes available on the market. During the summer months there were 18% fewer homes on the market in La Plata County. We consider this to be a healthy trend. During the recession our housing inventory was very high. As the number of homes sold has increased (up 15% from the prior year)combined with the decrease in supply, the market is moving to stability. Influenced by record low interest rates and low prices, the number of buyers for primary homes is increasing. In addition, investors are back. The median price continues to decline; but with demand rising and supply declining, the median price will eventually firm and the move upward.

About Me

The best thing about the real estate industry is it brought Mary & I together. I was manager of Safeco Land Title when Mary entered the business in 1979. She had lots of energy and innovative ideas. Her broker recomended she see me to advise and guide her. The rest is history. Here we are 30 years later going strong. After retiring from the title industry in 1998, we have been business partners in real estate; each of us bringing our unique experiences to the business. Buying or selling real estate at times can become quite involved with many issues to get your arms around. It's times like these that "two heads are better than one." You can contact us at (800)834-8445 toll free, (970)375-2513 direct, (970)946-4975 cell or email charles@rigbyassociates.com
Visit us on the web at www.HomesInDurango.com (See links below)